Digital Assets Thoughts of the Week: Stablecoins, Regulation and More

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Stablecoins, the GENIUS Act and the CLARITY Act “The Fed’s proposals show that stablecoins no longer need to wait for the broader market-structure fight to resolve. With the CLARITY Act stalled in the Senate, the GENIUS Act rulemaking is effectively making payment stablecoins the first… Read More

 

 




Siebert Financial Suspends Buy Rating on Webull Following Congressional Report Alleging Ties with China

Siebert Financial has suspended its Buy rating and price target on Webull Financial (NASDAQ:BULL) following the report issued by the House Select Committee on China, which claims Webull has ties to the Chinese government. Webull shares were down almost 20% today after the Committee’s report… Read More

Conduit Technology Files Lawsuit Against Tether Over Stablecoin USDT Transfer Freeze, Claims Issuer Has No Legal Claim to the Funds

Cross-border payments Fintech Conduit Technology has filed a federal lawsuit accusing stablecoin issuer Tether of locking roughly $2.76 million of the firm’s USDT and refusing either to release the balance or to explain the action. The complaint, lodged on October 5, 2026, in the US… Read More

US Government Crypto Wallets Move 833.6 Bitcoin to Coinbase Prime, First BTC Transfer Since August

Addresses tracked as US government holdings moved bitcoin on Tuesday for the first time since August 26, sending a combined 833.6 BTC worth a little more than $71 million toward Coinbase Prime. On-chain attribution ties the coins to two separate forfeiture matters: the Potapenko-Turogin fraud… Read More

Coinbase Rebuilds Pro on Deribit enabled Options Infrastructure

Coinbase (NASDAQ: COIN) says the long-planned combination of its own markets with Deribit is finished, and that the result is a new venue it calls Coinbase Global Exchange. In a company blog post dated October 6, 2026, Coinbase said the completed integration will soon give… Read More

Webull Issues Statement Regarding House Select Committee China Claims

Earlier today, the House Select Committee on China reported that Webull Corporation (NASDAQ:BULL), a regulated broker-dealer operating in the United States, has been deemed to be colluding with Chinese authorities. The Committee cautioned that Webull users may be putting personal information and data at risk… Read More

Founders Fund Leads $5M ANVL Token Purchase as Anvil Ships Business Collateral Tools

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Founders Fund, the venture firm associated with Peter Thiel, has led a $5 million purchase of ANVL governance tokens in Anvil, an Ethereum protocol that treats locked digital assets as collateral for payments, credit, and deposits. The purchase was disclosed on October 6, 2026 alongside… Read More

Congressman Don Davis Files Bill to Prevent Federal Candidates from Trading Prediction Markets Contracts Linked to Their Elections

US Representative Don Davis of North Carolina has introduced legislation intended to stop people seeking federal office from buying, selling, or holding prediction market contracts that resolve based on their own campaigns. The measure, titled the No Betting on Your Own Race Act, was filed… Read More

Webull Shares Plummet as House Select Committee on China Declares National Security Risk and Ties to China

Webull Corporation (NASDAQ:BULL) shares are dropping today after the House Select Committee on China declared that its ties to China pose a national security risk. Currently, shares are down by around 20%. The company has a market cap of around $3.1 billion. Webull was founded… Read More

Digital Assets: Montana Bankers Association Backs Stablecore for Bank Utilization

The Montana Bankers Association has issued a statement supporting Stablecore as a provider of digital asset services for its members. MBA aims to ensure community banks remain strong. Stablecore helps banks to offer payments, stablecoins, tokenized deposits, and digital assets from a single platform.  Stablecore is backed by… Read More

France: Autorite des Marches Financiers Says Securities Crowdfunding Platform Should Better Educate Investors

The French securities regulator, Autorité des Marchés Financiers (AMF), says it has completed a round of spot inspections of several securities crowdfunding platforms and now says more must be done to strengthen knowledge tests and assess an investor’s ability to understand and bear risk. The AMF… Read More



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    Pudgy Penguins Parent Igloo to Shut Down Abstract Ethereum (ETH) L2 After Millions in Losses

    Abstract, a consumer-oriented Ethereum layer-2 network backed by Pudgy Penguins parent Igloo Inc., will cease operations on December 15, 2026, after the company concluded that the project could not be sustained. The decision, announced on October 6, ends an effort to turn a well-known digital… Read More

    HM Treasury Appoints Barclays, HSBC, Lloyds, Morgan Stanley, Others for Digital Gilt Instrument Pilot (DIGIT)

    The United Kingdom has moved its first digitally native government bond closer to market by naming the banks that will lead the pilot sale. On 6 October 2026, HM Treasury appointed Barclays, HSBC, Lloyds, Morgan Stanley, NatWest and RBC Capital Markets as joint lead managers… Read More

    Nvidia ($NVDA) Nears $6T Market Cap as Company Stock Hits ATH

    Nvidia (NASDAQ: NVDA) moved within striking distance of a valuation no public company has ever recorded, as its shares returned to record territory in early October 2026 and the chip designer’s market value climbed to roughly $5.8 trillion.  On October 5 the stock closed at… Read More

    Bitwise CIO Explains that XRP’s Institutional Value-Proposition Rests on Durability and Familiar Use-Cases

    Bitwise Chief Investment Officer Matt Hougan has argued that XRP’s pull with certain institutional investors, especially financial advisors, rests on two plain considerations: confidence that the asset will still exist years from now, and a set of uses those advisors already recognize. The comments appear… Read More

    OpenAI CEO Sam Altman Backs Lighter Rules and Accepting Certain AI Harms as Development Slowdown Proposals Stall

    OpenAI chief executive Sam Altman has argued that society should tolerate certain harms from artificial intelligence in exchange for much larger gains. In a recent interview with Politico’s Decoded, he said the world ought to accept some adverse outcomes because people will generate orders of… Read More

    Ethereum’s (ETH) zkAPI Adds a Privacy Layer for AI and Metered API Payments

    On October 1, 2026, the Ethereum Foundation’s dAI team and the Open Anonymity Project placed zkAPI on Ethereum mainnet, a payment layer that lets people buy metered API access—especially AI inference—without tying the payer’s identity to the requests themselves. Today’s typical AI key points back… Read More

    Japan Adds Garantex to Asset-Freeze List in Expanded Ukraine Sanctions Package

    Japan has placed the Russian cryptocurrency exchange Garantex under an asset freeze as part of a broader package of restrictions tied to the war in Ukraine, the Ministry of Foreign Affairs announced on October 2, 2026. The measures were adopted under the Foreign Exchange and… Read More

    Brazil’s Fintech Stocks Rally as Flávio Bolsonaro’s First-Round Lead Signals a Potential Rightward Shift

    Brazilian Fintech focused stocks jumped sharply in US trading on Monday after the first round of the country’s presidential election left Senator Flávio Bolsonaro narrowly ahead of incumbent Luiz Inácio Lula da Silva, raising the odds of a rightward policy turn before a runoff set… Read More

    Digital Bank Revolut Recruits in Israel for Credit, Risk, Compliance Roles

    Revolut is focused on its push into Israel by recruiting locally for roles that sit at the heart of a regulated bank, a signal that the British fintech is preparing for more than a light payments presence. Job listings tied to its Israeli operations cover… Read More

    Greek Authorities Arrest 17 in Alleged Crypto Pyramid Scheme Tied to AI Trading Claims

    Greek authorities have reportedly taken down a suspected cryptocurrency pyramid that investigators say pulled in roughly eight to nine million dollars by telling participants their deposits would double in about fifty days. Officers from the Katerini Crime Prosecution and Investigation Sub-Directorate led a months-long inquiry… Read More

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